Chicago Manufacturing Index Rose to Seven-Month High in May
This article is for subscribers only.
Business activity in the Chicago area unexpectedly increased to a seven-month high in May as orders accelerated, a sign manufacturing will help provide a boost to the economy.
The Institute for Supply Management-Chicago Inc.’s business barometer rose to 65.5 this month from 63 in April. The median forecast of 46 economists in a Bloomberg survey projected the index would fall to 61. Readings greater than 50 signal growth.